Average Rent in Putnam County, IN↓ Rents falling 6.7% YoY

Putnam County, IN has rental prices ranging from $745/month to $1,636/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $816/month — 42% below the national average of $1,400/month. With a median household income of $76,182/year, spending $816/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Putnam County Compares

With an average 2-bedroom rent of $1,049/month, Putnam County ranks #18 most expensive of the 77 cities tracked in Indiana — pricier than 70% of all US cities in our data.

The Putnam County Rental Market

The Putnam County, IN area has a population of about 37,091 and 26% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Putnam County, IN have fallen by $75/month (6.7%) over the past year, from $1,124 to $1,049. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Putnam County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,640. The local median household income of $76,182 exceeds that threshold by $43,542, making Putnam County relatively accessible compared to local wages.

Economy & Jobs

Putnam County, IN has an unemployment rate of 3.5%, 0.4 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Putnam County, IN Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Putnam County?

Break-even analysis and mortgage estimates based on local market data.

Living in Putnam County

Cost of living, job market, crime rates, and moving cost estimates.